Fire Protection Doors Market REPORT OVERVIEW
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The global fire protection doors market size was USD 11860 million in 2021 and market is projected to touch USD 23136 million by 2031, at a compound annual growth rate (CAGR) of 7.7% during the forecast period.
Fire protection doors are fire-resistance doors. The door helps to reduce the spread of fire and smoke. It enables safe egress from a building or structure, or ship. The door automatically closed to prevent the spared of smoke and fire inside the building.
Growing awareness of the building safety is estimated to surge market growth. High demand to minimize property damage and government initiatives for fire safety are projected to drive market growth. Increasing adoption of the doors in commercial and residential buildings is anticipated to fuel market growth. Rising new product launches and increased R&D activities are projected to drive market growth. The rapid adoption of the door in schools & colleges, office spaces, board rooms, and conferences in order to maintain safety is anticipated to fuel market growth in the upcoming years. However, high maintenance and installation cost are projected to hamper fire protection doors market growth.
COVID-19 Impact: Closure of Construction Activities to Hamper Market Growth
Closure of construction activities and remodeling of buildings impacted market growth during the pandemic period. The shutdown of manufacturing units globally reduced product demand. The sudden outbreak of the COVID-19 pandemic created supply chain disruption coupled with a lack of resources or team members in order to follow government regulations.
LATEST TRENDS
"High Demand from End-User Applications to Surge Market Growth"
Increasing demand for fire protection doors in commercial and residential applications is estimated to surge market growth. The door can be installed in several areas to ensure safety such as hospitals, shopping malls, schools & colleges, and commercial buildings. The door plays a crucial role during the outbreak of fire in commercial and residential space. These factors are projected to drive market growth. Rise in spending on residential and commercial building and increased infrastructure development are predicted to fuel market progress. Increased demand for lightweight and safety is estimated to stimulate market growth.
Fire Protection Doors Market SEGMENTATION
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- By Type
Based on type, the market is divided into, fire steel doors, fire timber doors, fire timber with steel structure doors, fire resistant aluminum doors, and other material fire doors.
Fire timber with steel structure doors is expected to be the leading part of the segmentation type.
- By Application
Based on the application, the market is divided into industrial, commercial, residential, and others.
Commercial is expected to be the leading part of application segmentation.
DRIVING FACTORS
"An Increased New Product Launch to Stimulate Market Growth"
Increasing demand for a new product is estimated to fuel market growth. The doors are ideal for a high level of fire safety. Further, key global players in door manufacturing are launching a new product to ensure fire safety. For instance, in 2019, Acodar launched a new product with SS and MS frame. The new door development offers 30 minutes and 60 minutes of smoke control and fire resistance. The doors are ideal for lift lobbies and corridors. This new development and useful features are estimated to surge market growth in the coming years. Increased government regulation for fire safety and security of commercial and residential buildings are predicted to fuel fire protection doors market growth in the forthcoming years.
"Growing Consumer Awareness about Safety from Fire Damages to Fuel Market Growth"
Increased consumer preference for fire safety and rising demand for fire doors are expected to fuel market growth. The door has unique features such as superior safety, enhanced aesthetics, and optimum functionality. These unique features are expected to expand market growth. High demand to minimize property damage in case of fire is projected to drive market growth. Increased construction activities and awareness to maintain safety are estimated to fuel market growth. Growing demand for fire safety equipment and an increased number of fire cases are estimated to fuel the fire protection doors market growth in the forthcoming years.
RESTRAINING FACTORS
"High Maintenance Associated with the Door to Hamper Market Growth "
High maintenance and increased installation cost are projected to hamper the market growth in the forthcoming years.
Fire Protection Doors Market REGIONAL INSIGHTS
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"Stringent Regulation About Safety in Asia Pacific to Drive Market Share "
Asia Pacific is estimated to hold a considerable fire protection doors market share owing to stringent regulations about safety. Increased consumer awareness and high demand to perform safety. Growing construction activities and rapid urbanization are estimated to fuel market growth. Increased need for building safety codes is predicted to surge fire protection doors market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- ASSA ABLOY (Sweden)
- Sanwa (Japan)
- Buyang (China)
- Chinsun (China)
- Wonly Group (China)
- Dali (Denmark)
- Saintgeneral (France)
- HORMANN (Germany)
- NINZ (U.S.)
- Meixin (China)
- FUSIM (
- Howden Joinery (U.K.)
- WANJIA (China)
- Chuntian Group (China)
- Jia Hui Doors (China)
- Vista (U.K.)
- Rapp Bomek (Norway)
- Zhucheng Group (China)
- Republic Doors and Frames (U.S.)
- Noberne Performance Doorsets (U.K.)
- Teckntrup (U.K.)
- Hueck (Germany)
- Schuco (Germany)
- Taotao
- Simto
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 11860 Million in 2021 |
Market Size Value By |
US$ 23136 Million by 2031 |
Growth Rate |
CAGR of 7.7% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the fire protection doors market expected to touch by 2031?
The global fire protection doors market is expected to reach USD 23136 million by 2031.
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What CAGR is the fire protection doors market expected to exhibit by 2031?
The fire protection doors market is expected to exhibit a CAGR of 7.7% by 2031.
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Which are the driving factors of the fire protection doors market?
Drivers of this market are increased new product launches and growing consumer awareness about safety from fire damage.
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Which are the top companies operating in the fire protection doors market?
ASSA ABLOY, Sanwa, Buyang, chinsun, Wonly Group,Dali, Saintgeneral, HORMANN, NINZ, Meixin, FUSIM, Howden Joinery, WANJIA, Chuntian Group, Jia Hui Doors, Simto, Vista, Rapp Bomek, Zhucheng Group, Taotao, Republic Doors and Frames, Noberne Performance Doorsets, Teckntrup, Hueck, and Schuco.